Issuer Floating Charge definition

Issuer Floating Charge. ’ means such floating charge granted in favour of the Note Trustee for the Note Trustee itself and on trust for the Series Secured Creditors in relation to all Series, over the whole of the Issuer’s undertaking and all its property, assets and rights whatsoever and wheresoever present and future including, without limitation, the Issuer’s uncalled capital except to the extent otherwise charged or secured under Clause 4.1 (Creation of Fixed Security) of the Note Security Deed which will rank behind the Series Security for each Series;
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Issuer Floating Charge means the first priority floating charge creating security over all relevant assets, rights (including intellectual property rights) and revenues of the Issuer, for the avoidance of doubt including any manuals and other operational documentation being the property of the Issuer.
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Issuer Floating Charge means the floating charge governed by English law created by Clause 5.1 (Floating Charge under English law) of the Issuer Deed of Charge;
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Examples of Issuer Floating Charge in a sentence

  • In such circumstances the Note Trustee or the Receiver will be entitled to enforce the Series Assets only in relation to the Defaulted Series for the benefit of the Series Secured Creditors of such Defaulted Series and will have no further claim against the Issuer in respect of the amounts payable under the Notes other than under the Issuer Floating Charge and thereafter as an unsecured creditor.

  • The Bond Trust Deed contains provisions for convening meetings of the Bondholders to consider any matter affecting their interests, including the sanctioning by Extraordinary Resolution of a modification of the Bonds, the Coupons or any of the provisions of the Bond Trust Deed, the Bond Security Deed or the Issuer Floating Charge Agreement.

  • The Bond Trust Deed, the Bond Security Deed and the Issuer Floating Charge Agreement contain provisions for the indemnification of the Bond Trustee and for its relief from responsibility, including provisions relieving it from taking action unless secured and/or indemnified to its satisfaction.

  • Issuer Floating Charge means the first priority floating charge creating security over all relevant assets, rights (including intellectual property rights) and revenues of the Issuer, for the avoidance of doubt including any manuals and other operational documentation being the property of the Issuer.

  • Governing LawEach Security Trust Deed and any non contractual obligations arising out of or in connection with it are governed by English law.DESCRIPTION OF THE ISSUER FLOATING CHARGE AND INTERCREDITOR AGREEMENT The following description of the Issuer Floating Charge Agreement and the Intercreditor Agreement consists of a summary of certain provisions of the Issuer Floating Charge Agreement and the Intercreditor Agreement and is qualified by reference to the detailed provisions thereof.


More Definitions of Issuer Floating Charge

Issuer Floating Charge means a debenture (incorporating a floating charge) over all the assets of the Issuer. “Issuer Group” means the Issuer and its subsidiaries from time to time.
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Related to Issuer Floating Charge

  • Floating Charge means a charge that, as created, was a floating charge;

  • operating charge means any amount charged to a client by a registered firm in respect of the operation, transfer or termination of a client’s account and includes any federal, provincial or territorial sales taxes paid on that amount;

  • parking charge means the charge paid by drivers to leave a vehicle in a parking place;

  • Monthly Recurring Charge or “MRC” shall mean the monthly recurring charges for the Service as set out in the Customer Order Form or COF;

  • Carrying Charges or "rental" means all regular charges paid on a periodic basis to a housing corporation by a person or family living in a rental or cooperative housing project, excluding initial down payments.

  • Tube rating chart means the set of curves which specify the rated limits of operation of the tube in terms of the technique factors.

  • Floating Swap Payment With respect to any Distribution Date on or prior to the Distribution Date in January 2010, an amount equal to the product of (x) Swap LIBOR, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

  • Transition bond charge means a charge, expressed as an

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Fixed Charge means any rentcharge as defined by the [Finance (1909-10) Act, 1910], and any burden or charge (other than rates or taxes) arising by operation of law or imposed by any Act [ ], or imposed in pursuance of the exercise of any powers or the performance of any duties under any such Act, otherwise than by a person interested in the land or in consideration of any advance to any person interested in the land. “rentcharge” means tithe or tithe rentcharge, or other periodical payment or rendering in lieu of or in the nature of tithe, or any fee farm rent, rent seck, quit rent, chief rent, rent of assize, or any other perpetual rent or annuity granted out of land.

  • FIXED CHARGE PER MONTH means the fixed charge per month payable by company which is inclusive of depreciation, parking fee if applicable, all applicable taxes & duties including VAT, insurances, wages and other emoluments of Operator/Driver(s) / Helper(s) /Jugalees and other operation staff/crew excluding GST.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • RUNNING CHARGE PER KILOMETER means the rates payable against each KM run. and shall be deemed to include all the expenditures of the Transport Supplier viz., cost of fuel, tyre/tube, battery & consumables like lubricants etc. and other maintenance expenditures including accessories involved including GST element as applicable towards movement of the vehicle(s)/equipment.

  • Restructuring Charges means any charges or expenses in respect of restructuring or consolidating any business, operations or facilities, any compensation or headcount reduction, or any other cost savings, of any Persons or businesses either alone or together with the Company or any Restricted Subsidiary, as permitted by GAAP or Regulation S-X under the Securities Act.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Investor Charge-Offs means Class A Investor Charge-Offs, Class B Investor Charge-Offs and Collateral Charge-Offs.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time (i) short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs or (ii) such other short-term debt ratings, if any, as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.